Monday, March 17, 2025

Aurora shares bounce after take care of Nvidia, Continental to deploy self-driving vans

By Akash Sriram and Jaspreet Singh

(Reuters) โ€“ Aurora Innovationโ€™s (AUR) shares rose 38% in premarket buying and selling on Tuesday after the self-driving expertise developer introduced a long-term take care of Nvidia and Germanyโ€™s Continental to deploy self-driving vans.

Uber (UBER)-backed Auroraโ€™s inventory has almost doubled up to now 12 months, as traders wager that the marketplace for autonomous driving expertise utilized in vans will develop quickly within the coming years.

โ€œNvidiaโ€™s CEO has been clear that he sees large potential within the autonomous driving area over the subsequent few years,โ€ mentioned Danni Hewson, head of monetary evaluation at AJ Bell.

Pittsburgh, Pennsylvania-based Aurora already has partnerships with truck makers together with PACCAR and Volvo to develop and check its self-driving system, Aurora Driver, on their vans.

Aurora plans to launch its driverless trucking service in Texas in April, the corporate mentioned on Monday.

โ€œMany traders could have solely heard the identify Aurora Innovation for the primary time at the moment and its affiliation with Nvidia and Continental is a tantalizing one, however it is a area with an enormous quantity of competitors and requiring a large quantity of funding,โ€ Hewson mentioned.

Underneath the deal, Nvidiaโ€™s computing platform DRIVE Thor, designed to centralize autonomous and assisted driving in addition to different digital features, and its automotive working system, DriveOS, will likely be built-in into the Aurora Driver system.

Continental will mass produce this method in 2027, to allow a large-scale deployment of self-driving vans.

(Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Enhancing by Shinjini Ganguli)

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